The iEdge-OCBC Singapore Low Carbon Select 50 Capped Index tracks 50 globally-listed companies domiciled or incorporated in Singapore. Developed by Singapore Exchange (SGX) as part of the SGX Sustainability Indices product suite in collaboration with product specialists from OCBC Group, the index uses an exclusionary methodology to remove companies that have a heavy involvement in the fossil fuels sector, while upholding best-in-class selections based on Scope 1 and Scope 2 greenhouse gas emissions (GHG) per unit of revenue.
With effect from Sept 26, iFast Corp, IGG Inc, Olam Group and Yangzijiang Financial Holding will exit the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.
While these four companies take their leave off the index, six companies have been included into the index, namely CapitaLand Investment, Lendlease Global Commercial REIT, Grab Holdings, Prime US REIT, AIMS APAC REIT and StarHub.
